equities

Revenue Drops 40% at Goldman’s FICC Unit
Investment Banking

Revenue Drops 40% at Goldman’s FICC Unit

“We didn't navigate the [fixed-income] market as well as we aspire to or as well as we have in the past," Goldman's CFO says.
By Matthew Heller | July 18, 2017
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Virtu Buys Rival Trading Firm KCG for $1.4B
Technology

Virtu Buys Rival Trading Firm KCG for $1.4B

The combination of two high-frequency traders comes as low volatility has been squeezing the profits that firms make from rapid-fire trades.
By Matthew Heller | April 20, 2017
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Trading Revenue Drop Hurts Goldman Profit
Investment Banking

Trading Revenue Drop Hurts Goldman Profit

“We underperformed this quarter,” new CFO R. Martin Chavez says as the firm reports its first earnings miss since the fourth quarter of 2015.
By Matthew Heller | April 18, 2017
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Citi Earnings Beat Estimates With 17% Gain
Investment Banking

Citi Earnings Beat Estimates With 17% Gain

“The momentum we saw across many of our businesses towards the end of last year carried into the first quarter," CEO Michael Corbat says.
By Matthew Heller | April 13, 2017
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